2024 MXN to GEL Historical Review

YEARLY HIGH

0.1693 GEL

YEARLY LOW

0.1321 GEL

YEARLY AVERAGE

0.1491 GEL

2024 MXN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on May 15, valuing the pair at 0.1693. Conversely, the yearly low was recorded on November 26, dropping to 0.1321.

This high-to-low spread represents a total annual volatility of 0.0372 GEL. From a start-to-finish perspective, comparing the January average rate of 0.1569 to the December average rate of 0.1390, the exchange rate registered a net change of -11.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1693 was up 6.53% compared to the 2023 peak of 0.1589, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 8,466 GEL

2023 Average 7,409 GEL

Yearly Trough Low 6,604 GEL

Transaction Impact: A difference of 1,861.81 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1641

0.1319

JanuMarcMayJulySeptNove

MXN to GEL Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.1579, compared to 0.1403 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0175 points.

H1 Avg (Jan–Jun) 0.1579

H2 Avg (Jul–Dec) 0.1403

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0134 GEL (High: 0.1644 / Low: 0.1510). On the other end, February was the most stable month, with a tight range of 0.0020 GEL (High: 0.1561 / Low: 0.1540).

June Spread (Volatile) ±0.0134

February Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0103 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0103

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.1614) against the same month in 2023 (average: 0.1434), the exchange rate shifted by +0.0179 (+12.51%).

2024 Avg (May) 0.1614

2023 Avg (May) 0.1434

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1595	0.1534	0.1569
February	0.1561	0.1540	0.1552
March	0.1630	0.1557	0.1595
April	0.1638	0.1558	0.1592
May	0.1693	0.1572	0.1614
June	0.1644	0.1510	0.1550
July	0.1549	0.1446	0.1511
August	0.1442	0.1358	0.1408
September	0.1410	0.1341	0.1379
October	0.1423	0.1358	0.1386
November	0.1380	0.1321	0.1345
December	0.1412	0.1348	0.1390